enCore Energy (CVE:EU) Stock Price Up 0.6% - Here's What Happened

Key Points

• enCore Energy Corp. (CVE:EU) saw its stock price increase by 0.6%, reaching C$3.26 after trading as high as C$3.28, with a trading volume increase of 2% from the average.
• Haywood Securities upgraded enCore Energy to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" and an average target price of C$8.50.
• The company, which focuses on uranium resource properties in the United States, holds significant projects in New Mexico, including the Crownpoint and Hosta Butte uranium project.

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price rose 0.6% on Thursday . The stock traded as high as C$3.28 and last traded at C$3.26. Approximately 326,024 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 320,463 shares. The stock had previously closed at C$3.24.

Wall Street Analyst Weigh In

Separately, Haywood Securities raised enCore Energy to a "strong-buy" rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy" and an average target price of C$8.50.

enCore Energy Trading Up 0.6%

The company has a 50 day simple moving average of C$3.62 and a 200 day simple moving average of C$2.89. The stock has a market capitalization of C$609.93 million, a PE ratio of -9.59 and a beta of 1.23.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.

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